The real estate valuation report by SPK
The valuation report is required to protect the foreign investor so that the foreigners who purchase real estate in Turkey know the actual value of the real estate they are buying. And also to create a value map for real estate at the General Directorate of Land Registry and Cadastre.
What is the cost of Title Deed Transactions in Turkey?
The fees are the same for both Turkish and foreign citizens.
In Turkey, the value of title deed fees is determined by existing laws and regulations: 20 per thousand from the buyer and 20 per thousand from the property seller.
For example, if you sold or bought any property of 100.000 TL: As a Buyer or Seller, you will have to pay 20 per thousand of this value, equal to 2.000 TL each. There is also a deed administration fund determined for each year which is paid separately by the Buyer and the Seller.
The total cost of the title deed fee will be 4,000 TL by the Seller and the buyer combined.
In addition, the Seller and Buyer must pay circulating capital to the Land Registry Office for each sale. The amount of circulating capital is specified at the beginning of each year.
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